Non QM Underwriter

About the role

This position offers an exciting opportunity to play a crucial role in our Correspondent Lending business. We are hiring experienced Non-QM Underwriters to support the expansion of our rapidly growing non-delegated channel. The Non-QM Mortgage Underwriter reviews, conditions, and underwrites mortgage loans in accordance with established policies and procedures and appropriate guidelines; examines all documentation for accuracy and completeness.

Responsibilities

• Review and analyze the mortgage loan application to ensure eligibility, accuracy, completeness, and compliance with internal and regulatory guidelines to minimize risk factors.
• Make independent decisions regarding acceptance and risk of loans according to FNMA, FHLMC, PHH, and applicable Non-QM investor guidelines.
• Approve loans, issue alternative options, or adverse actions accordingly.
• Adhere to all applicable internal PHH Mortgage policies and procedures.
• Meet determined service level time frame requirements set by management.
• Work with staff and management to find solutions on escalated loans.
• Manage loans by using all functions of Encompass.
• Effectively communicate underwriting decisions to Sellers.
• Maintain a high level of customer service and communication both internally and externally.
• Perform other duties as assigned.

Requirements

• Minimum three years of mortgage experience underwriting non-QM loans.
• Working knowledge of FNMA, FHLMC, and Non-QM guidelines.
• Ability to review and calculate complex personal and/or business financials.
• Ability to underwrite Non-QM and Non-Agency products, including but not limited to bank statement income analysis, Asset Depletion, and DSCR.
• Ability to review credit reports, preliminary title reports, judgments, bankruptcy documents, appraisals, and any additional applicable credit documents.
• Correspondent Lending experience preferred.
• Strong working knowledge of Encompass.
• Must pass the Company’s Background Screening process prior to beginning employment. Additionally, as a condition of employment, you may be required to pass client-specific background check requirements or Federal/State licensing requirements, if applicable.

Skills

• Ability to effectively present information and respond to questions both internally and externally in a professional, articulate, and respectful manner.
• Strong organizational, problem-solving, and analytical skills.
• Versatility, flexibility, and a willingness to work within constantly changing priorities with enthusiasm.
• Acute attention to detail.
• Provides quality control responses timely.
• Consistently meets or exceeds established minimum productivity and quality goals.
• Excellent customer service skills.
• Proven ability to handle multiple projects and meet deadlines.
• Good judgment with the ability to make timely and sound decisions.
• Bilingual skills a plus.
• FHA and VA knowledge a plus.

Pay

The salary range for this position is expected to be $90,000 – $105,000 per year, depending on geographic location, experience, and other qualifications of the successful candidate. This position is also eligible for a monthly bonus based on performance and subject to the terms of the Company’s applicable plans.